Social Security Roshomon

Bottom line: while Chained CPI would be an act of betrayal towards seniors who fully deserve current law scheduled benefits it still would produce a result in the dark gray of Figure 3, meaning a better basket of goods than current retirees get today. And this would likely be still be true after the reset at Trust Fund Depletion shown in Exhibit 4. That is 'Catfood' is simply a useful metaphor for Defenders, it isn't to be taken literally.